Q1 see need to seek the shareholders' approval in an EGM (ordinary resolution). however, the guarantee may be good for the director only. It may not for the benefit of the company. If there are some dissenting shareholders, the granting of the guarantee may be subsequently challenged by the dissenting shareholder at court. alternatively u can do it by written resolution if all shareholders cent. then the co. can go ahead to sign the guarantee in favour of the grantee for that director.

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